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Stock Watch Iris rises after securing RM34m job in Bangladesh

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Stock Watch Iris rises after securing RM34m job in Bangladesh Empty Stock Watch Iris rises after securing RM34m job in Bangladesh

Post by Cals Wed 18 Jun 2014, 03:04

Stock Watch Iris rises after securing RM34m job in Bangladesh
Business & Markets 2014
Written by Bernama   
Tuesday, 17 June 2014 10:42

KUALA LUMPUR (June 17): Iris Corp Bhd shares emerged among the most active counters this morning after securing a RM34 million passport job in Bangladesh.

At 10.15am, the counter, which saw 11.52 million shares changing hands, rose half-a-sen to 43 sen.

On Monday, Iris Corp entered into a US$10.4 million (RM33.5 million) contract agreement with the Bangladesh Department of Immigration & Passports for machine readable passport.

It said the consortium would provide services including collection of applications, biometric data and delivering personalised machine-readable passports among Bangladeshi citizens in the United Arab Emirates.

There would be about 800,000 passports to service and the contract would be funded by internally-generated funds and bank borrowings. 
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